Free Stock Market Education, a 10 module course, including video and eBooks
PRO Stock Market Training.  The Liberated Stock Trader Book + 16 Hours of Video Education - for PC, Mac, Ipad, Iphone, Android
Take a look at our Stock Market Trading Coaching and Mentoring Services

Top 10 Best Stock Market Analysis Software Review 2015

To get an advantage in the stock market you need a solid education, experience, patience and also the best tools.  This stock market analysis software review compares 10 highly rated software offerings from industry giants to new entrants.

The 2015 Review

Updated for 2015, it is an exciting year for stock market investors with a greater wealth of powerful stock analysis solutions than ever before.  We reviewed over 30 different vendors, the top 10 this year is all good quality.

The Liberated Stock Trader Top 10 Stock Market Software review is the most in depth comparison of the best the market has to offer comparing over 760 different features to evaluate who is truly the best in terms of cost benefit and ease of use.  We have compared the 30 most popular vendors in the market and narrowed it down to the top 10.

Not only will you find out which software best suits your trading style, you will be able to compare head to head all of the benefits, features and prices.

Movers and Shakers for 2015winner

Congratulations go to MetaStock and TradeStation who tie for the number 1 position this year.

MetaStock has invested heavily with the highly acclaimed MetaStock XIV, the edge they have is global market access, excellent news services, expert advisors and system development, with a huge range of indicators and powerful scanning.  The edge this year is the introduction of forecasting and improved backtesting, these are serious moves by the MetaStock Team.

TradeStation has a huge feature set rivaling MetaStock in most areas, but it truly excels with the broker integration.  Trading from charts and live P&L portfolio management.

New Entrants to the Top 10 for 2015

We have 3 new entries in the Top 10 this year.

Straight in at number 5 is QuantShare with a low overall cost and excellent feature set, the sharing aspect of the tool enables thousands of users to directly and free of charge share systems, watchlists and tools.  Improvements in the user interface, data downloading experience could take it further in future years.

New entrant Market Analyst is a more expensive solution but packs a serious punch with unique Gann features, touch screen enablement, excellent sector mapping and even astrological charts.  The developers have a seriously slick easy to use interface that is well thought out.

ChartSmart new at at position 9 has a good feature set but struggles to compete with the best on price and market access.

Special Note on the Ratings

What you need in a software package is essentially down to how you trade and what information you use in your trading style.

If you are a day trader you may need real-time news, real-time scanning and level II streaming quotes.  If you are a long term fundamental investor you may be looking for strong economic and company fundamentals scanning.  If you want to develop your own automated trading systems that are back tested and place trades automatically you will be looking for this functionality.

Rating these packages side by side can give the impression that one package is better than all the rest, but the key is what software suits you and your trading style the best.  Please read the “Recommended For” section in the reviews to understand the unique offerings that each vendor provides.  No two software packages are identical, each provides a unique price and feature point.

Also Liberated Stock Trader has forged relationships with many of the Top 10 vendors to allow you to get a discount or bonus if you decide to buy one of these great packages, simply click on the logos to go to the vendor that best suits your needs.

Stock Market Vendors Feature Comparison Table

 

Vendor MetaStock TradeStation E-Signal Telechart QuantShare Market Analyst NinjaTrader ProfitSource ChartSmart VectorVest
Total Score Out of 10 8.9 8.9 8.4 8.4 7.7 7.0 7.0 6.1 5.1 4.6
Pricing & Software
Monthly End of Day $24 $249 or free for brokerage clients $37.95 $29.99 N/A $1650 +$49 per month FREE N/A $43 $59
Monthly Real Time $99 $299 or free for brokerage clients $120/td> $89 N/A N/A $50 $1295 N/A $129
Software Only Fee $449 N/A N/A N/A $245 N/A $995 N/A N/A N/A
Customizable Data Feeds  ✔  IQFeed. GFT, MT4
Customer Service & Education Excellent Excellent Excellent Excellent Excellent Excellent OK AUS TimeZone Email Only OK
PC
For MAC
Tablets Touch Enabled PC’s
SmartPhones
Market Data Coverage Global Global Global US/Canada Global Global Global Global US/Canada US
Data Speed Excellent Excellent Excellent Good Good Excellent Excellent OK OK OK
Stocks
ETF
Mutual Funds  ✔  ✔
Options  ✔
Futures  ✔
Forex
Bonds  ✔  ✔
Pricing & Software Score 10 9 10 8 9 9 8 2 5 4
Trade Management
Broker Inegration Stocks
Broker Inegration Options
Place Trades from Charts
Live Position P&L
P&L Analysis
Automated Trading
Trade Management Score 4 10 10 7 6 3 10 8 0 2
Fundamental Scanning & Screening
Real Time Scanning & Filtering
Fundamentals Scanning
Watch Lists with Fundamentals
Fundamental Screening Score 10 10 8 10 8 10 3 10 10 6
News
News Feed
Real-Time News Feed
Market Commentary
Community Chat  ✔
News Score 10 8 8 7 7 3 6 0 4 1
Technical Analysis
Charts
Multiple Charts Per Desktop
Bar Line HLC Candlestick
Point & Figure
Equivolume
Market Profile  ✔
Indicators
Bollinger Bands
Directional Movement
Ichimoku Cloud
MACD
Momentum
Money Flow
Moving Averages
Parabolic SAR
Rate of Change
Relative Strength / RSI
Stochastics
Volume at Price
Custom Indicator Development
Volume
Darvas Box  ✔  ✔ Probability Box
Elliot Wave  ✔  ✔ Gann Swing
Total Number of Indicators 300+ 145 22 70+ 520+ 400+ 104 32 18 19
Drawing Tools
Fibonacci Retracement
Fibonacci Time
Fibonacci Fan
Trend Lines
Text Overlay
Andrews Pitchfork
Error Channel
Gann Grid/Line
Gann Fan
Quadrant Lines
Speed Lines
Tirone Levels
Automated Alerts
Technical Analysis Score 10 9 8 9 10 10 9 8 4 5
Stock Systems & Back Testing
System Marketplace
Create Customizable Systems
Back Testing Point & Click
Back Testing Programmatic
NEW Forecasting
NEW Sector Maps
Systems & BackTesting Score 10 8 7 8 9 9 7 7 6 7
Ease of Use 8 8 8 10 6 8 6 8 7 7

Dear Readers/Vendors- this review was established to the best of our abilities with no intended inaccuracies.  There are over 550 data points in this review if you spot any inaccuracies within this content please contact us here to have it corrected immediately.

TOP 5 Winners Reviews

As stated previously, no two products are identical, there are many strength that are designed into each product to suit specific needs.  As such most of the packages can be recommended to a specific audiance based on there strengths.  In the following summary reviews we looks at the benefits of each package.

Review Score 8.9/10

Recommended for those who need excellent real-time news, access to a huge stock systems market and powerful technical analysis with global data coverage all backed up with excellent customer services.

The latest release of Metastock XIV has been a big hit with improvements across the board. with huge improvements in Scanning, Back Testing and Forecasting making this one of the best offerings on the market.

Pricing and Software 10/10 – MetaStock is one of the biggest fish in the sea of stock market analysis software.  Backed up by the mighty Thomson Reuters you can expect excellent fast global data coverage and broad market coverage including equities, futures, Forex, ETF’s and options.

Trade Management 4/10 – MetaStock does provide broker integration but the execution of trades from charts and live integrated P&L analysis is limited.

Fundamental Scanning and Screening 10/10 – Using Eikon you can see a really in depth analysis of company fundamentals from debt structure to top 10 investors, including level II.  Excellent watch lists featuring fundamentals and powerful scanning of the markets gets a perfect 10

News 10/10 – MetaStock 12 has full Eikon integration with institutional level news, analysis and outlook.  This is be the fastest global news service available on the market including translations into all major languages.

Technical Analysis 10/10 – Forex forecasting based on sentiment is feature that is absolutely exceptional.  Never mind the broadest selection of technical analysis indicators on the market today. MetaStock is the king of technical analysis warranting a perfect 10.

Stock Systems and Back Testing 10/10 – Another area where MetaStock excels is what they call the expert advisors.  MetaStock harnesses a huge amount of in-built systems that will help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well researched systems.  This is really a key area of advantage.  The biggest addition to the MetaStock arsenal is the forecasting functionality which sets is apart from the crowd.

Ease of Use 8/10– MetaStock still has the feel of a collection of separately developed applications that require user’s education to make them work together.  However with the huge selection of automated expert advisors you can deploy on the selection of stocks in your purview make MetaStock well worth the investment.

winner


 

 

Review Score 8.9/10

Recommended for full broker integration, trading off charts and frequent traders.  A great price point of FREE for brokerage clients.

TradeStation are a leading brokerage house with excellent execution and low commissions but did you know they have great software also.  Joint winner in the review TradeStation offers enough in its software and broker integration to stand tall with the other vendors.

Pricing & Software – 9/10With a price point of Free for Brokerage clients and awards from Barrons for the software TradeStation is a force to be reckoned with.  Excellent customer service, good training and global market data coverage warrant the highest rating in this category.

Trade Management – 10/10With full broker integration TradeStation can offer trading from charts, live P&L analysis and automated trading as part of the package scoring a perfect 10.

Fundamental Scanning & Screening – 10/10TradeStation offers an excellent array of choice and flexibility in market screening and filtering, but not just on volume but a host of fundamentals, including exotic data such as commitments of traders, insider traders and even number of company employees.    You can literally screen on anything you think will get you an edge in the market.   You also get what they call radar screen which is really fast with integrated alerting.

News – 8/10TradeStation has real-time news which is an excellent service but only fails to score top marks here because it does not provide market commentary or a chat community.  But do you really need that?  Some people do, its a factor to consider.

Technical Analysis 9/10With over 145 different technical indicators TradeStation packs a big punch in the technical analysis space.  The charts could be a little more intuitive to use which is why it does not score a perfect 10.

Stock Systems & Back Testing – 8/10TradeStation have also cultivated a systems and strategies market place called the “Strategy Network” where you can purchase stock market systems from an ecosystem of vendors or even contract someone to develop your system for you in the “Easy Language” code.  No perfect 10 in this round as you will need to learn code to develop your own system.

Ease of Use 8/10TradeStation is easy to use, but extremely powerful also.  It is probably due a face-lift to make it more intuitive to use, but none the less a good score of 8/10 is warranted.

TradeStation were ranked Best by Barrons:

  • Best for Frequent Traders
  • Best for International Traders
  • Best Trading Experience and Technology

highly-rec

eSignal Review – Interactive Data Inc.  – 8.4/10

Recommended for those who like great charts, scanning, broker & chart trading integration and an easy to use yet powerful and elegant interface.

Pricing and Software 10/10eSignal offer a quality product that is well developed, looks great and has beautiful charts.  It will run on your PC, Mac, Tablet or Smartphone.  Not only that they have global data coverage for all stock exchanges, very fast data speeds and cover all markets in the review from equities and ETF’s to futures and Forex.

Trade Management 10/10Sporting Broker integration with TD Ameritrade, Interactive Brokers and 10 other brokers eSignal has one of the best integrations of any software vendor.  You can place trades from charts and the live profit and loss (P&L) analysis is well developed.  Another top score for eSignal.

Fundamental Scanning and Screening 8/10eSignal allows you to setup real time scanning and screening of the markets with live updating watch lists.  eSignal could offer more in the form of scanning for fundamentals however you can list a huge array of fundamentals in your watch list columns.

 News 8/10News feeds and more importantly real time news feeds are important to traders, eSignal offers a solid news stream which should not let you down.  A lack of trader and community chat or market commentary mean eSignal does not score a 10/10 for this section.

Technical Analysis 8/10For the hardcore technical analyst eSignal might not offer enough indicators for your liking, but how many is enough.  eSignal has 22 indicators it calls “Studies” and they work quite effectively.  However for the drawing tools and the indicators full real time alerting is integrated meaning you do not need to miss the action even if you are not looking at the chart.

Stock Systems and Back Testing 7/10eSignal has developed a good ecosystem of stock market system developers who can sell you their systems or develop yours for you.  However because there is no point and click system development or back testing you will need to pay for the services.

Ease of Use 8/10One of the easiest platforms to use, the interface is intuitive and very reactive.

 

highly-rec

Telechart 2000 Review – Worden Brothers Inc. -  8.4/10

Recommended for US Investors with a fundamental bias who need powerful screening and excellent charts on all platforms.

Telechart has long been one of my favorite tools, I have been a subscriber for over 15 years and find the latest release 12.x to be a huge step forward.  Endlessly customizable and scalable the platform offers nearly everything an investor may need.

Pricing and Software 8/10 – Telechart is a big hitter when it comes to software and pricing.  Telechart runs on everything – your iPhone your Tablet, your Mac and your PC.  It is priced very reasonably with a simply pricing structure.  Why does it not score a straight 10/10?  Only because it’s data coverage is U.S. and Canada only and it does not cover options, futures, forex or bonds.  However, it was not designed to cover those.  If you trade U.S. Stocks, ETF’s or Mutual Funds, then this may be a good solution.  Wordens also provide live weekly training seminars which are of a very high quality.

Trade Management 7/10Currently Telechart is only integrating with TD Ameritrade, but if you are using TDA as your broker then the portfolio integrations and trading from charts works well.

Fundamental Scanning and Screening 10/10 – Make no mistake about it, if you want fundamentals screened in real-time layered with technical screens all integrated into live watch lists connected to your charts Telechart is a power player.

News 7/10While Telechart does not have a perceivable Real-time news element, it does have integrated news, but what sets it apart is it has a daily Market Commentary from Pete Worden and a very active community sharing trading ideas and banters in a live chat window.  It certainly provides some entertainment while your stocks are moving sideways.

Technical Analysis 9/10Telechart has an excellent array of technical indicators and drawing tools, all the big ones are there, from OBV, RSI and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork.  with over 70 different indicators you will have plenty to play with.  They have also introduced live alerts which you can configure to email or pop up if an indicators or trend line is breached.  Very useful indeed.

Stock Systems and Back Testing 8/10 – Worden Brothers also have a little secret when it comes to developing backtested systematic approaches to trading.  With a platinum membership to Telechart you also receive a tool called Stock Finder.  Stock Finder is one of the single most powerful intuitive point and click system development tools on the market today.  No programming required.  That is saying something because it is up against some very stiff competition in this space. Although Stock Finder cannot be used to automatically place trades, it’s ease of use still warrants a 8/10 rating, despite deveopment on the tool being halted.  My request to Worden Brother is to integrate the GUI aspects of Stockfinder directly into TC2000 and improve the P&L analysis in the backtester.

Ease Of Use 10/10 – One of the easiest to use and most powerful packages available places the icing on the cake for the Worden Brothers.

rec

QuantShare -  7.7/10

Recommended for investors with a who do not need real time data feeds but value a huge selection of use generated systems, watchlist and powerful technical analysis tools.

QuantShare was new to me and I was pleasantly surprised with the feature set.

Pricing and Software 8/10 - An extremely cost effective solution with integration into new social media outlets like StockTwits.

Trade Management 7/10 - While QuantShare enables some features in this space, they probably do not cater for your broker

Fundamental Scanning and Screening 8/10 - There is certainly a huge selection of fundamentals to be able to scan against, the usability could be improved.  Watch-lists can be tricky to set up.  Further development required here.

News 7/10 - Including news and the StockTwits integration save the day here for QuantShare, the news is not real-time but certainly does add value.

Technical Analysis 9/10 - With the largest selection of technical indicators to choose from (520+) this package leads the way in the chart analysis stakes.

Stock Systems and Back Testing 10/10 - There is a huge selection of shared systems and the ability to back test them.

Ease Of Use 6/10 - This software package is not the easiest to use and the interface requires serious development effort.  The learning curve will take a time investment on your part.

The High Quality / High Resolution Liberated Stock Trader Pro    Training Course

Do you want the knowledge to invest with confidence?

Buy the Liberated Stock Trader PRO Training Package and receive 16 hours of video lessons and the Liberated Stock Trader Book - fast forward your future.

Guiding you through the maze of stock market investing to give you a uniquely practical and comprehensive knowledge of the 4 Pillars of Success

FUNDAMENTAL ANALYSIS - Learn how to analyze the health of the business climate and how to find great companies using our practical stock screening guide.

TECHNICAL ANALYSIS Chart Reading is not Voodoo, it is science. YOU will gain an incredible understanding of expert charting techniques, covering the most important methods, indicators and tactics, to enable you to time your trades to perfection.

MONEY MANAGEMENT Understand how many stocks to buy, when to buy them, how much to invest and when to sell using expert stop-loss strategies.

STOCK MARKET STRATEGY Develop your own stock market strategy and learn how to create your own winning stock system.

This incredible package includes:

  • The Liberated Stock Trader eBook - Over 200 pages of workbook covering every lesson
  • 16 hours of video lessons for PC, MAC, iPhone, iPad & Android phones

ABOUT SSL CERTIFICATES

Independent, Unbiased Education

This is an independent, unbiased resource for learning to trade the stock market. Liberated Stock Trader receives no payments from any company whose stocks are discussed and promotes no particular stock. If the author holds a stock it will be disclosed in the article.

Secured By Norton Verisign

Privacy Policy

We will never share your details with any third party.
Read Our Privacy & Cookie Policy
Read Our Terms & Conditions
Read our Returns Policy
This site is provided to you for informational purposes only and should not be construed as an offer to buy or sell a particular security or a solicitation of offers to buy or sell a particular security.
Read our Site Disclaimer